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Emerging Markets Property Group (EMPG) — the parent group of Zameen.com with operations in GCC, Pakistan, Thailand, Bangladesh, Morocco and Tunisia — and OLX Group, Prosus’s global classifieds business, have announced their merger in Pakistan, Egypt, Lebanon and the UAE. The agreement includes a US $150 million investment round, led by OLX Group along with existing EMPG shareholders, which values EMPG at US $1 billion after the transaction. As part of the deal, OLX Group will contribute its operations in the four countries into EMPG and will become EMPG’s largest single shareholder, owning 39% of the company. EMPG will use the new capital to develop a range of new services, creating a more seamless user experience, enhancing data transparency, and deepening market intelligence for both consumers and business users. In Pakistan both the groups will continue to operate through their well-known local brands, however, for Egypt and Lebanon EMPG will operate the existing OLX platforms, ..

Pentagon has formally released 3 short videos comprising unidentified aerial phenomena that had been leaked by a private company between December 2017 and March 2018. According to Pentagon spokesperson Sue Gough, Pentagon is officially releasing the videos to clear up misconceptions among the general public on whether the videos are real or not. One video was recorded in 2004 while the other two were recorded in 2015. After a thorough review, the Pentagon has determined that the authorized release of these unclassified videos does not reveal any sensitive capabilities or systems. It also does not impinge on any subsequent investigations of military air space incursions by unidentified aerial phenomena. In September 2019, the US Navy acknowledged the authenticity of the videos released by To The Stars Academy of Arts & Sciences. Here are the videos recently corroborated by the Pentagon: From 2004 From 2015 In the video from 2004, F-18 Super Hornet’s sensors lock on an unidentified ..

In a study published on Wednesday in a special issue of the journal ZooKeys on the coronavirus; it was announced that four new species of African leaf-nosed bats have been found and they are related to the bats that are the host for COVID-19 –horseshoe bats. It is crucial to identify all the species of bats as it will help in our understanding of diseases like COVID-19. While the main focus has been on how they spread diseases but the bats also pollinate crops, disperse seeds and eat insects. Sadly, they are still unknown to us and as per experts, humans have only identified 25% of all bat species in the last 15 years. Bruce Patterson, lead study author and Macarthur curator of mammals at Chicago’s Field Museum said, Bats are small, nocturnal and use high-frequency sound and smell to identify their species to other bats. Because we are large, diurnal, and reliant on vision (and lower-frequency sounds), we can’t read their signals very precisely. The real diversity of bats has really..

According to reports, two local businesses have been granted licenses by the government to establish solar power plants of up to 100 megawatts at an estimated investment of $100 million. The National Electric Power Regulatory Authority (NEPRA) approved generation licenses to two solar power plants of 50MW each. They have been given to Artistic Solar Energy (Private) Limited for a plant in Sukkur district worth $45 million and $55 million will be invested by Siddiqsons Kohat Solar Limited for their plant in Kohat district. NEPRA said that these projects will help utilize untapped renewable energy optimally and increase the share of the pollution-free electricity. In a document, NEPRA said, There is a global trend of reduction in the prices of PV cells, which results in lower tariffs as is evident from various determinations of the authority. These lower tariffs will result in a reduction of the overall basket price which will be beneficial to the public at large. NEPRA said that all..